Rest Less, a Social Enterprise Startup Focussed on the Over 50s, Raises £3 million in Seed Funding

by Startacus Admin

Major investment for 'Rest Less', the jobs, volunteering, advice and money information site for the over 50s

Investment news from Rest Less, a social enterprise startup offering jobs, volunteering and guidance for the over 50s, with the announcement that it has just raised £3 million in seed funding.

Rest Less launched in December 2018 as an online platform, specifically targeted at the growing population of over 50s. It offers fulfilling opportunities to work, volunteer or find a new career path. Since launch, Rest Less has been on a mission to raise awareness of the challenges faced by this demographic in the workplace.

The investment round was led by QED Investors, a leading boutique venture capital firm based in the US. There was also participation from 1818 Venture Capital alongside a number of angel investors. Early investors in Rest Less include Octopus Ventures.

The investment will be used to continue to build and enhance the Rest Less platform and expand quality services to its users.

Stuart Lewis, Founder and Chief Executive Officer at Rest Less, commented:

“We are excited to improve and grow the Rest Less platform so we can help more over 50s in the workplace, but also in other areas of their lives. Since launch, we have worked hard to raise awareness of the challenges our audience face, as well as highlighting the many positives they can bring to the workplace and wider society.

‘We want to help this under-served, and under-represented group of individuals navigate the challenging and ever changing employment landscape - as well as helping them to find broader mental and financial well being as a result.”

Yusuf Ozdalga, Partner at QED Investors, added:

“Society is ageing and the employment and financial services landscape for the over 50s is changing with it. This demographic is chronically underserved, which brings exciting business opportunities for those who understand the audience, and who are focussed on helping them achieve what is important to them. Rest Less stood out to QED as a business squarely focussed on championing the needs of its audience and raising awareness of the issues they face. With demographic trends on its side, Rest Less offers that perfect intersection of an exciting business opportunity with a strong social purpose at its core.”

With 20 million adults in the UK aged between 50 and 74 and with 80% of the growth in employment over the last decade coming from the over 50s, we reckon that Rest Less is most certainly one to watch.

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• #over 50s
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Published on: 9th March 2020